Cbn - Boston Group To Prepare Vision For Vizag

June 17, 2014

Boston group to prepare vision for Vizag

‘City, because of its strategic location and rapid strides in manufacturing and port sector, has a bright future’

Boston Consulting Group, world’s leading advisor on business strategy, is engaged by Confederation of Indian Industry to prepare Vision-2020 document for development of Visakhapatnam as an international city.

A team of experts from BCG, which is well-known for its specialisation in international strategy and general management, is scheduled to arrive in the city on June 18 for first-hand knowledge on existing infrastructure and the requirement to promote Brand Vizag and woo investments in various sectors.

CII Vizag zone chairman and Visakhapatnam Port Deputy Chairman G.V.L. Satya Kumar toldThe Hindu that the city because of its strategic location and rapid strides in manufacturing and port sector had a bright future.

He said Vizag occupied eighth rank in GDP contribution among leading cities of the country in 2013 by contributing $26 billion. With several mega projects in the pipeline, the city was poised to make a giant leap forward.

CII has prepared a 10-point agenda for promoting Brand Vizag, which include investments in health care, higher education, infrastructure and industrial corridors, growth centres and anchor industries, lesser taxation and other benefits by introducing Goods Service Tax, supply of 24x7 power, giving a boost to manufacturing and tourism sector, offer special incentives in IT and ITES and fast-track construction of Polavaram and other projects to put an end to water woes.

CII wants the government to pay special attention to address issues affecting growth and development of industry in Visakhapatnam region.

“Our focus is to showcase the areas which needed support and incentives to give momentum for growth. We in CII are confident of making Visakhapatnam a leading destination of the country for the investors,” he said.